We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Mixed
USD/JPY
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bearish
Oil - US Crude
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Bitcoin
Mixed
More View more
Real Time News
  • What do the technicals for $JPY look like as we head into the new year? Find out from @malkudsi, download your free quarter one forecast here today! https://t.co/00I3lH90OD https://t.co/HB6NrLCw4Z
  • #BOJ #Kuroda: Won't Hesitate to Add Easing if Momentum Towards Price Target is at Risk.
  • European Opening Calls from IG: #FTSE 7614 -0.49% #DAX 13496 -0.39% #CAC 6050 -0.48% #AEX 612 -0.43% #MIB 23848 -0.64% #IBEX 9611 -0.50% #STOXX 3783 -0.43%
  • #GBP, #NZD and #NOK are expected to be the most-active #G10 currencies against the #USD with one-week implied volatility at 7.05, 6.38 and 6.32 respectively [delayed] -BBG
  • Missed today's #AUDUSD weekly outlook webinar? See the recording here - https://t.co/qkLvokBCkS Topics included: - Impact of #coronavirus outbreak - #Davos economic forum - #Australia jobs data - AUD/USD technical analysis
  • EUR/USD Technical Analysis: Euro Breakdown in the Works? - https://www.dailyfx.com/forex/technical/home/analysis/eur-usd/2020/01/21/EURUSD-Technical-Analysis-Euro-Breakdown-in-the-Works.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #EURUSD #technicalanalysis https://t.co/jIgzz4QjPq
  • Have you joined @DailyFX @facebook group yet? Discuss your #forex strategies and brush up on your skills with us here: https://t.co/jtY1G7g8yx https://t.co/tV6zV644iP
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.56%, while traders in Germany 30 are at opposite extremes with 80.84%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/cAKmwAKgMy
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.18% 🇬🇧GBP: 0.07% 🇨🇭CHF: 0.06% 🇳🇿NZD: -0.03% 🇨🇦CAD: -0.07% 🇦🇺AUD: -0.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/aJPnH14z9P
  • - Norwegian Krone🇳🇴, Swedish Krona🇸🇪 may rise at expense of US Dollar - IMF outlook, #WEF20 could pressure havens, lift market mood📈 - #NOK, #SEK may rise on the ECB, Norges Bank rate announcements📣 https://www.dailyfx.com/forex/fundamental/article/special_report/2020/01/21/US-Dollar-May-Fall-vs-NOK-SEK-on-Davos-Forum-Growth-Outlook.html
Dow Jones, Nasdaq 100, S&P 500, DAX 30 Fundamental Forecast

Dow Jones, Nasdaq 100, S&P 500, DAX 30 Fundamental Forecast

2019-07-14 09:00:00
Peter Hanks, Junior Analyst
Share:
DJI

Dow Jones, Nasdaq 100, S&P 500, DAX 30 Fundamental Forecast:

Dow Jones, Nasdaq 100, S&P 500 Fundamental Forecast: Earnings Arrive

After doubling down on a dovish policy path, the Dow Jones, Nasdaq 100 and S&P 500 jogged to record highs. With trade wars out of focus and monetary policy effectively locked in ahead of July’s meeting, earnings season will look to take the reigns as the driving fundamental force behind the three major US indices. In the week ahead, the country’s biggest banks will kick off the start of the season and could highlight the impact of a lower Federal Funds rate.

Dow Jones, Nasdaq 100, S&P 500, DAX 30 Fundamental Forecast

As a key factor in determining a financial institution’s profit margin, the prospect of a lower Federal Funds rate could result in tempered forecasts for upcoming quarters which may momentarily weigh on share prices in the financial sector. Consequently, the Dow Jones will take its cues from Goldman Sachs (GS) and JP Morgan Chase (JPM) on Tuesday as the two banks make up over 8% of the Index.

Dow Jones Price Chart: 4 - Hour Time Frame (May – July) (Chart 1)

DJI

On the other hand, the Nasdaq 100 will take its cues from the first FAANG member to report – Netflix (NFLX). Netflix and its FAANG companions are afforded significant influence on tech sentiment and a string of poor earnings from the group could depress the outlook for the whole sector. To that end, Netflix will be an important barometer for the rest of the group – but new entrants to the streaming space may cloud the company’s outlook. Check out @PeterHanksFX for equity coverage and earnings insight.

Nasdaq 100 Price Chart: 4 – Hour Time Frame (May – July) (Chart 2)

NDX

Check out our NEW Q3 Forecasts for equities, Gold, oil and more.

DAX 30 Fundamental Forecast

While the US markets have a full plate, the DAX 30 may find itself longing for drivers. With an exceedingly sparse economic calendar, the German equity index may derive influence from Chinese GDP data on Monday and economic survey expectations on Tuesday. Further, the Index’s statistically significant positive correlation with the S&P 500 may see US earnings extend their influence across the Atlantic.

DAX 30 Price Chart: 4 – Hour Time Frame (June - July) (Chart 3)

DAX

--Written by Peter Hanks, Junior Analyst for DailyFX.com

Contact and follow Peter on Twitter @PeterHanksFX

Read more:Does the Russell 2000 to S&P 500 Ratio Suggest a Coming Recession?

DailyFX forecasts on a variety of currencies such as the US Dollar or the Euro are available from the DailyFX Trading Guides page. If you’re looking to improve your trading approach, check out Traits of Successful Traders. And if you’re looking for an introductory primer to the Forex market, check out our New to FX Guide.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.